Suburb Profile Report for Manifold Heights VIC (3218)

Manifold Heights House: Median price $780,000, Annual capital growth 8.36%, Number of sales 45, Weekly median advertised rent $360

Manifold Heights Unit: Median price $331,000, Annual capital growth 4.98%, Number of sales 11, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Manifold Heights, 3218 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.43%

Manifold Heights,3218 has offered an average of 11.43% return per annum in house price rises to property investors over the last three years.

Manifold Heights, 3218 is offering VIC ‘s 525th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

Often selling an investment property can take time, and in Manifold Heights the average time real estate has been on the market is 38.29 days.

The VIC suburb of Manifold Heights, 3218 is in the Greater Geelong (C) local government area.

Over the last year, property investments in Manifold Heights, 3218 have given investors a capital gain of 4.42%. This compares averagely with the 2.97% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Manifold Heights,3218 has racked up an average of 4.42% over the period. This ranks it number 983th in the whole country for real estate investors looking at median house price increases.

In the last year 11 properties changed hands in Manifold Heights, which puts it as the 339th most active market in VIC when comparing the number of sales per suburb.

Information supplied by:


April 2017

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Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.Full summary

Metro suburb soars to new heights

Median house price: $583,050

Three-year growth: 14.32%

Rental yield: 3.17%

Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.

Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.

One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.
 

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Metrics i HOUSE UNIT
$780,000 $331,000
8.33% -4.61%
11.43% 4.42%
8.36% 4.98%
$360 $300
45 11
2.40% 4.71%
38.29 46.27

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2606
Median household income ($/weekly) 1208
Median age of persons 38
Median housing loan repayment ($/monthly) 1699
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 323 12.4
    25-34 years 325 12.5
    35-44 years 344 13.2
    45-54 years 413 15.8
    55-64 years 285 10.9
    Others 916 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 947 48.3
    Not Married 865 44.1
    Defacto Relationship 149 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2198 87.5
    Indonesia 30 1.2
    Japan 33 1.3
    United Kingdom 78 3.1
    Other 46 1.8
    Others 127 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.5
    Christianity 1722 70.8
    Hinduism 18 0.7
    Islam 36 1.5
    No Religion 634 26.1
    Others 10 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 109 11.8
    $600-$799 103 11.1
    $800-$999 80 8.6
    $1,250-$1,499 95 10.3
    $1,500-$1,999 111 12.0
    Others 428 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 776 38.2
    Not in the labour force 642 31.6
    Employed, worked part-time 452 22.3
    Unemployed, looking for work 82 4.0
    Employed, away from work 77 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 156 11.9
    Professionals 341 26.1
    Technicians & trades workers 181 13.8
    Community & personal service workers 148 11.3
    Clerical & administrative workers 162 12.4
    Others 321 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.9
    Infants/Primary 215 32.4
    Secondary 178 26.8
    Technical or Further Educational Institution 72 10.9
    University or other Tertiary Institutions 138 20.8
    Others 14 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2082 84.0
    Semi-detached, row or terrace house, townhouse 199 8.0
    Flat, unit or apartment 194 7.8
    House or flat attached to a shop, office 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 351 34.9
    Being purchased 339 33.7
    Rented 313 31.1
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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